Lost in Transition: How the energy sector is missing potential demand destruction

This report examines alternative trajectories to mainstream energy industry modelling, produced by reputable financial houses like Bernstein and CitiGroup, that signal a more concerted drive to a low-carbon energy transition, hitting fossil fuel demand as a result.

The study finds that conventional fossil fuel company business models could be woefully behind the curve due to, for example, underestimating changes in emissions policy, technological advances or energy efficiency gains that can cause dramatic changes in demand trends. This is the first time a wide-range of fossil fuel industry demand scenarios has been compared with alternative and credible financial market views.